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8700 US Highway 51 4,428 SF Retail Building Minocqua, WI 54548 $1,250,000 ($282.29/SF)
INVESTMENT HIGHLIGHTS
- Located at the busiest corridor in Minocqua.
- 1.61 acres between 2 parcels with nearly 250' of highway frontage.
- Adjacent to many other complimentary businesses.
EXECUTIVE SUMMARY
Minocqua Commercial Opportunity: One of the most desired business sites in The Northwoods. Located at the stop light intersection of US Hwy 51 N and State Hwy 70 W. The busiest corridor in Minocqua with 18,100+ vehicles per day at this intersection. Adjacent to Minocqua's only Kwik-Trip and neighboring Starbucks, Taco Bell, McDonalds, Lakeland Union High School, hospitals and many other complimentary businesses. The existing tenant, El Tarasco Restaurant, has occupied the building since 2018 on a triple net lease. This property features ample paved parking with 59+ spots. Newly constructed building in 2010 offers spacious dining and kitchen areas and a covered patio for outdoor dining. Excellent business signage. Total of 1.61 acres between two parcels and nearly 250' of US Hwy 51 N frontage. Significant recent growth in this commercial area that will continue to increase in demand and value making this an appealing and dynamic long term investment.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,428 SF
Building Class
C
Year Built
2010
Price
$1,250,000
Price Per SF
$282.29
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.61 AC
Zoning
Business B2
AMENITIES
- Restaurant
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $486,100 | |
| Land Assessment | $346,300 | Total Assessment | $832,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$346,300
Improvements Assessment
$486,100
Total Assessment
$832,400
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8700 US Highway 51
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